Please take a moment and make a financial contribution to TheFunded. If we have helped you, help us with resources to further grow the both the site and our entrepreneur training program, The Founder Institute.

Nexit Ventures CERTIFIED

Firm Rating:

Firm Homepage:

FIRM OVERVIEW: Medium Private VC founded in 1999 based out of Saratoga, US (US West)

FIRM DESCRIPTION: Nexit Ventures is a mobile venture capital firm focused on wireless technologies and services. Leveraging its extensive network in the global mobile marketplace, Nexit invests primarily in Nordic and US-based early-stage companies with products and services for a global market.
For Nordic mobile companies, Nexit provides a bridge to Silicon Valley markets and exit opportunities.
For US-based mobile companies, Nexit brings European market insight and strong network among leading Nordic players, Nokia and Ericsson.
Nexit has helped several companies in either direction of its bridge, and has subsequently realized several successful exits of its portfolio companies in United States. Nexit has offices in Helsinki, Stockholm and Silicon Valley.

We've been talking with them now for some time, and I've met their people both in Europe and California. Being from Europe myself, I really like their straight-forward and honest style of communication. It's difficult to say at this time whether we'll get a deal with them or not, but at least the journey in that direction makes me feel that they are trustworthy.

Posted by
akalekos
on 2009-02-05

PUBLIC:

As is the case with most VC firms, Nexit partners have executive operating experience, a record of success, deep knowledge of the area of their investment focus and an extensive network of contacts in the industry. What sets Nexit apart is the partners’ commitment to teamwork – among themselves and with the management teams in their portfolio. They collaborate and leverage each other’s skills and experience in order to deliver maximum value to their companies. Here are three examples of what Nexit has done for my company in addition to investing and making a contribution at the board of directors level:
- When the company lost its CEO and a young technologist temporarily took its helm, a Nexit partner dedicated a significant percentage of his time coaching, helping run the company, and acting as the account manager who won the company’s first two customer deals. The Nexit partner made sure the company got in good enough shape to attract more experienced leadership and even then, he helped the new CEO come up to speed.
- As the company went through a tough financial restructuring, another Nexit partner became the company’s part-time CFO so he could help the company navigate its way to being able to receive new funding.
- The company was founded in Europe, and as it started growing again, it re-incorporated in the United States and looked to establish its headquarters in Silicon Valley, and grow its sales in North America. Nexit’s US-based partner joined the company’s board and was instrumental in helping the company establish itself in the US.
Through thick and thin, Nexit has provided skills and experience the company could ill afford to hire or retain. Nexit has proven itself to be a TRUE VALUE ADDING INVESTOR.

I run a mobile company and I was looking for someone that would really understand what mobile is. A firm with connections in wireless, where it counts. I looked around Silicon Valley and I have to say the investors I have found with mobile knowledge are very few. Most have a narrow understanding of the space, driven by the US carriers. However, mobile has been happening somewhere else... Nexit is a boutique wireless VC, with extensive knowledge of the space. And they have people in the right places: Helsinki and Stockholm... If you add a partner in Silicon Valley, you have the perfect partner for any mobile company in the US. Hard to get on board, though... so play your cards right.

Posted by
alexis
on 2007-06-14

PUBLIC:

I spoke to them when one fund was nearing EOL, so only doing late stage, and another find was being raised. I really liked the people I met there and recommend you approach if their current investment plans fit your own needs.

Nexit has strong focus on mobile business and seems to be connected within the mobile landscape, especially in the U.S. and the Nordic countries. In my experience they have a hands-on approach towards their portfolio companies and they commit an large amount of actual grass-roots energy into them.

Nexit has fairly unique capabilities for their size: They have offices in Helsinki and Stockholm, both hotbeds of everything cell phone/mobile, and in Silicon Valley, thus being able to open doors across the Atlantic for companies based in either areas. They also have been able to facilitate business for us in Asia with their network and partners over there.

Overall, extremely nice people to work with and they also definitely have been around the block and can get you quickly in touch with the right people.

Nexit is very easy-going VC but don't take their kindness as a sign of weakness :-) They are a niche player focused on mobile space but they are very open with their communication and they also signal if the deal is interesting for them.